FED Statements will be Followed / Gold / 28/01/2015 10:12:44Yesterday durable goods orders came in lower than market expected in the US. Also durable goods orders declined compared to the previous year. But consumer confidence and new home sales data stay remained above expectations. In this context the EURUSD pair moved upward especially after durable goods orders data. However the pair could not stay above...
the 1,14 level.
Today Germany GFK consumer confidence data will be announced in the Eurozone. On the other hand FED’s rate decisions and policy statements will be followed in the US side.
Technically in case of the pair staying above the 1,1330 support level, then the 1,14 level would be aimed again. But in case of the pair breaking the 1,1330 support level, then the 1,1260 and the 1,12 level would be targeted.